Bitcoin Price Volatility: $600M Liquidated as BTC Hits $113K Then Corrects

Major cryptocurrency market turbulence resulted in approximately $600 million in total liquidations as Bitcoin surged to $113,000 before experiencing a sharp correction. Both long and short positions faced equal impact with $300 million liquidated from each side, highlighting extreme volatility in digital asset markets. The rapid price movement demonstrates continued uncertainty in crypto valuations despite Bitcoin's recent upward trajectory. Market analysts suggest such volatility underscores the high-risk nature of cryptocurrency trading and emphasizes the importance of risk management strategies for investors.